<PAGE> PAGE 1
000 A000000 02/29/2000
000 C000000 0000353315
000 D000000 N 000 E000000 F 000 F000000 Y 000 G000000 N 000 H000000 N 000
I000000 6.1 000 J000000 U
001 A000000 AXP VARIABLE PORTFOLIO - MONEY MARKET SERIES
001 B000000 811-3190
001 C000000 6126713800
002 A000000 200 AXP FINANCIAL CENTER
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55474
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 AXP VARIABLE PORTFOLIO - CASH MANAGEMENT FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 IDS LIFE INSURANCE COMPANY
008 B00AA01 A
008 C00AA01 801-8101
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55474
008 A00AA02 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B00AA02 S
008 C00AA02 801-14721
008 D01AA02 MINNEAPOLIS
008 D02AA02 MN
008 D03AA02 55474
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55474
<PAGE> PAGE 2
013 A00AA01 KPMG LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
014 A00AA01 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA01 8-27456
014 A00AA02 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA02 8-42582
014 A00AA03 AMERICAN EXPRESS FINANCIAL ADVISORS JAPAN INC
014 B00AA03 8-12550
014 A00AA04 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA04 8-16791
014 A00AA05 IDS LIFE INSURANCE COMPANY
014 B00AA05 8-14124
014 A00AA06 SECURITIES AMERICA, INC.
014 B00AA06 8-26602
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55474
015 E01AA01 X
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019 A00AA00 Y
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019 C00AA00 AMEXPFUNDS
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022 C000002 171789
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022 A000003 LEHMAN COMMERCIAL PAPER INC.
022 B000003 13-2501865
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<PAGE> PAGE 3
022 B000004 13-5108880
022 C000004 122805
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022 C000008 95219
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022 C000009 94674
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025 C00AA04 D
025 D00AA04 32933
025 A00AA05 BEAR STEARNS
025 B00AA05 13-3299429
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
SIGNATURE LESLIE L. OGG
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP VP-- CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-29-2000
<INVESTMENTS-AT-COST> 761221298
<INVESTMENTS-AT-VALUE> 761221298
<RECEIVABLES> 783611
<ASSETS-OTHER> 134032
<OTHER-ITEMS-ASSETS> 0
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<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 3693517
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 758518923
<SHARES-COMMON-PRIOR> 689686854
<ACCUMULATED-NII-CURRENT> 62
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<OVERDISTRIBUTION-GAINS> 9647
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<OTHER-INCOME> 0
<EXPENSES-NET> 2521083
<NET-INVESTMENT-INCOME> 19263407
<REALIZED-GAINS-CURRENT> (436)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 19262971
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 19263425
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 520946594
<NUMBER-OF-SHARES-REDEEMED> 458121408
<SHARES-REINVESTED> 16006883
<NET-CHANGE-IN-ASSETS> 68825806
<ACCUMULATED-NII-PRIOR> 80
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 9211
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</TABLE>
EXHIBIT 77D
for AXP Variable Portfolio -- Money Market Series, Inc.
At Board of Directors' meeting held on September 8-9.
The following investment policy was eliminated:
Under normal market conditions, the Fund does not intend to commit more than 5%
of its total assets to when-issued securities or forward commitments.
The following investment policy was adopted:
The Fund may invest in repurchase agreements provided AEFC evaluates the
creditworthiness of each counterparty to a repurchase agreement and takes steps
that are reasonably designed to ensure that the repurchase agreement is fully
collateralized.
